destroys a unit of inventory that originally cost $12. The company included the cost of the destroyed unit in cost of goods sold on the income statement‚ rather than recognizing it as a loss. This action is justifiable based on: the revenue concept accounting conservatism the materiality concept none of the above answers. All of them are incorrect; according to GAAP‚ a separate loss must be recognized When applying the lower-of-cost-or-market rule‚ market value generally refers to: fifo cost using
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Name: Trinh Bui PART II. TRANSTHEORETICAL MODEL OF BEHAVIOR CHANGE PROJECT In this part of your assignment you will journal for three weeks or 5 weeks and will do an assessment of the behavior change process. When you journal for three weeks or five weeks you should have a minimum of three (3) to five (5) entries per week. Please answer all questions at the end of this assignment. WRITE GOAL HERE (Same goal from Part 1 of your assignment) My goal is to tone my stomach and lose 10 pounds in
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The Manager and Management Accounting Copyright © 2015 Pearson Education‚ Inc. All Rights Reserved 1. 2. 3. Distinguish financial accounting from management accounting Understand how management accountants help firms make strategic decisions Describe the set of business functions in the value chain and identify the dimensions of performance that customers are expecting of companies Copyright © 2015 Pearson Education‚ Inc. All Rights Reserved. 1-2 4. 5. 6. 7. Explain the five-step decision-making
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of property crime in the United States. Many believe that the degree of property crime is determined by various factors including per capita income for each state‚ percentage of public aid recipients‚ high school dropout rates and many more. This project seeks to provide evidence for or against some of these common perceptions about property crime. Specifically it seeks to answer the questions: are crime rates higher in urban than rural areas? Does unemployment or education level contribute to property
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Midterm Paper Assignment‚ 10/28/13 Part 1: In the beginning of class we were proposed a model of discernment from the Rule of Saint Benedict. “Listen carefully‚ my son‚ to the master’s instructions‚ and attend to them with the ear of your heart. This is advice from a father who loves you; welcome it‚ and faithfully put it into practice.” (St. Benedict‚ Prologue Page 1) With this rule as Benedict explains in his reading and in the presentation notes in class Benedict tells us the basis of his
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chapters 1-6‚ Part 1 Chapter One Chapter one introduces the reader to the main character‚ Raphael Fernandez. Raphael‚ a fourteen year old dumpsite boy narrates this part of the story and it entails many interesting ideas about the Behala dumpsite. Raphael and his best friend Gardo spend their days searching the endless amounts of rubbish that cover acres of land. They live knee deep in trash along with many others‚ including children. We find out
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Running head: Health Care Reform Project Part 2 Health Care Reform Project Part 2 Kelly Jones HCS/440 May 25‚ 2015 Lori Geddes One solution to managed care in health care is the keeping the cost of the health care down. According to "Health Care Cost Control: Getting on the Right Track" (2002)‚ “A real solution will‚ of necessity‚ involve pain for all players in health care: employers‚ government‚ providers‚ insurers‚ pharmaceutical and medical technology companies‚ and consumers.” To
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CHAPTER 1 Introduction to Financial Statements Study Objectives 1. 2. 3. 4. 5. 6. Describe the primary forms of business organization. Identify the users and uses of accounting information. Explain the three principal types of business activity. Describe the content and purpose of each of the financial statements. Explain the meaning of assets‚ liabilities‚ and stockholders’ equity‚ and state the basic accounting equation. Describe the components that supplement the financial statements in an
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221 September 23‚ 2013 Carl Wertman Timeline Part I NOTE: Before starting the Timeline project please refer to the "Example Timeline Matrix" document. Instructions: Complete the matrix by providing the Time Period/Date(s) in column B‚ and the Description and Significance of the People/Event(s) to American History in column C. See complete instructions in the Syllabus for the Module 1 assignment entitled‚ “Timeline Part I.” NOTE: The timeline project does not need to be submitted to turnitin.
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later due to significant market value shrink of Poor Son. After that‚ the bankruptcy court reopened the bidding process and recommended Parent’s plan of reorganization in August 2010. Finally‚ Parent received final confirmation of Poor Son’s plan. 1. Does Parent’s purchase of a legal subsidiary in bankruptcy qualify as a business combination under ASC 805? According to ASC 805-10-20‚ the definition of business combination is “a transaction or other event in which an acquirer obtains control of
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